Delta is investing more than $1 billion in refreshing its business class cabins as airlines race to upgrade their premium seats to cater to high demand.
Travel companies betting on the premium boom may tend to view post-Covid wealth creation as an immutable fact. But a protracted economic shock would test the durability of the trend and their strategies.
Data shows that summer bookings between the U.S. and Europe are on the decline so far. The decline could be a result of political tensions and changing preferences among U.S. consumers.